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    Microeconomics Study Set 15
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    Exam 10: Monopolistic Competition : The Competitive Model in More Realistic Setting
  5. Question
    -Refer to Figure 10-4
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-Refer to Figure 10-4

Question 94

Question 94

Multiple Choice

  -Refer to Figure 10-4. What is the area that represents the total variable cost of production? A)  0P<sub>0</sub>aQ<sub>a</sub> B)  0P<sub>1</sub>bQ<sub>a</sub> C)  P<sub>0</sub>abP<sub>1</sub> D)  P<sub>1</sub>bdP<sub>3</sub>
-Refer to Figure 10-4. What is the area that represents the total variable cost of production?


A) 0P0aQa
B) 0P1bQa
C) P0abP1
D) P1bdP3

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